October 2021

Any freshman economics major can attest that nobody gets through their introductory economics courses without learning the theory of public goods and the so-called free-rider problem. As espoused by Paul Samuelson in the 1950s, public goods are consumed collectively, therefore making

After 9/11, the security establishment was giddy about embarking on a global democratic crusade against any nation that did not submit to the US’s liberal hegemonic order. Original Article: "The US’s Fantastical Foreign Policy: Sowing the Seeds of Failure" This Audio Mises

In the economy, real economic return on investment is not just an important metric. It is crucial. That is why I find it so intellectually dishonest when some economists look at the GDP and employment growth without putting it in the

As someone who has written about public policies for three and a half decades, I have often struggled with the slipperiness of how words are used, because many people become confused by using words without thought. That gives power to

Washington politicos want to keep the debt going up at breakneck speed forever. But the responsible thing to do is refuse another increase to the debt ceiling and force a partial default. Politicians hate that idea because default would make

It is, ironically, antiscience to ever declare that science is settled. Since man is not omniscient, the future will forever remain unknown, and more data can always falsify current scientific laws. Original Article: "Why Today's Abusers of the Scientific Method Are

One thing struck me as especially odd about Google’s ban of LewRockwell.com from its advertising program. This was the claim that articles on this site could “undermine participation or trust in electoral or democratic process.” I suppose what is meant

Hopefully, increased interdependence and overlapping interests will help to shape a future of stability in Europe and continue the precious absence of another major war on the continent. Original Article: "Nord Stream 2: The Value of German-Russian Cooperation" This Audio Mises Wire

Though the effective federal funds rate remains less than 0.1 percent, the reaction of the markets and financial press as the ten-year Treasury yield crossed the 1.5 percent threshold near the start of the month reminds us just how fragile our economy’s underlying monetary framework